Public Sector Banks Current Affairs, GK & News

PM SVANidhi Scheme: 1.6% loans from private sector

The Ministry of Housing and Urban Affairs recently announced that over twenty lakh street vendors have been provided loans under the PM SVANidhi scheme till March 29, 2021. Of this, eighteen lakh loans were provided by the Public Sector Banks. On the other hand, the private sector banks have provided only 32,534 loans. Bottom line, ..

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Doorstep Banking Services launched by Public Sector Banks

Finance Minister Nirmala Sitharaman launched the doorstep banking services for public sector banks. This will facilitate the users a hassle-free and convenient banking service. The services provided by the Doorstep Banking can be availed through Agents who has been deployed by the selected Service Providers at 100 centers across the country. These services can be ..

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Rs 68311 Cr. Disbursed under Emergency Credit Line Guarantee Scheme to the MSMEs

As per the data released by the Ministry of Finance, the Private and Public Sector banks in India have disbursed around Rs 68311 Cr. under the Emergency Credit Line Guarantee Scheme to the Micro, Small and Medium Enterprises in the country. As on July 15 2020, the total sanctioned amount under the scheme is Rs ..

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GeM partners with UCO Bank and Bank of Maharashtra

The Government e-Marketplace(GeM) has signed two Memorandum of Understanding(MoUs) with the public sector banks, Bank of Maharashtra and UCO bank on Monday, 16th December 2019. Under the MoU, a number of services including transfer of funds through GeM Pool Account(GPA), Earnest Money Deposit(EMD) and advising of Performance Bank Guarantees(e-PBG) will be provided to the registered ..

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Cabinet approves Partial Credit Guarantee Scheme

Union Cabinet approved the ‘Partial Credit Guarantee Scheme’ that allows public sector banks (PSBs) to purchase high-rated pooled assets from financially sound non-banking finance companies (NBFCs) and housing finance companies (HFCs). However, the amount of overall guarantee has been limited to first loss of up to 10% of fair value of assets (FAV) being purchased ..

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